Type
Business expansion
Country
Bulgaria
Region
Yuzhna Bulgaria; Yugozapaden; Sofia (stolitsa)
Location of affected unit(s)
Orlandovtsi
Sector
Retail
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Sale In Non-Specialised Stores
47.11 - Retail Sale In Non-Specialised Stores With Food, Beverages Or Tobacco Predominating

100 jobs
Number of planned job creations
Job creation
Announcement Date
23 April 2024
Employment effect (start)
23 April 2024
Foreseen end date
31 December 2024

Description

The Bulgarian retail chain Fantastico has commenced the construction of a new shopping complex in the Orlandovtsi district in Sofia. Expected to be operational by year-end, this endeavor represents an investment exceeding BGN 23 million (EUR 11.76 million) and is planning to generate 100 new jobs.

Spanning 4707 square meters, the shopping center will allocate 1292 square meters for lease to various establishments including fast fashion stores, a pharmacy, a courier service station, a utility bill payment cashier, and an insurance brokerage. Additionally, Fantastico supermarket plans to offer a diverse range of 40,000 products, as informed by the chain to Capital.


Sources

Citation

Eurofound (2024), Fantastico, Business expansion in Bulgaria, factsheet number 201099, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201099.